The EU economies and their labour markets will face new challenges in the near future as the Union enlarges to cover the CEE countries and the mobility of labour becomes free within the region. This paper first discusses estimates made on the likely magnitude of the coming immigration and then...

The paper analyzes the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...

In this paper, we examine the relationship between the euro exchange rate and domestic inflation in the EMU area. This issue has gained importance as the euro has depreciated around 20 per cent during the first eighteen months of EMU, and is now a serious concern for the European Central Bank...

Economic convergence of the new member countries (NMCs) of the EU towards the incumbent EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for both partners. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...

This paper examines the economic effects of the opening of the former Soviet Union. The analysis carried out in the paper is two-fold. First we simulate the impact of the eastern enlargement of the EU and, second, we analyse how deeper integration between the EU and FSU contributes to this. The...

Tässä muistiossa käsitellään EU:n itälaajenemisen vaikutuksia Suomen tuotantorakenteeseen. Tarkastelu jakautuu neljään osaan. Ensiksi tarkastellaan KIE-maiden integroitumista kohti EU:ta. Todetaan, että EU:n laajenemisen suhteen vallitsee merkittävä epäsymmetria siinä, että...

Transatlantic trade relations between the European Union and the United States have evolved rapidly at the close of the 21st century. Alongside the benefits of free trade the relationship has been marred by trade disputes. The WTO arbitration and government and business initiated transatlantic...